JAKKS Pacific, Inc. (NASDAQ:JAKK) Receives Average Rating of “Buy” from Analysts

Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) have earned an average recommendation of “Buy” from the four analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $40.33.

Several equities research analysts have recently issued reports on JAKK shares. Small Cap Consu raised JAKKS Pacific to a “strong-buy” rating in a research report on Tuesday, July 16th. B. Riley started coverage on JAKKS Pacific in a research report on Tuesday, September 17th. They issued a “buy” rating and a $37.00 price target on the stock. Maxim Group started coverage on JAKKS Pacific in a research report on Monday, August 26th. They issued a “buy” rating and a $46.00 price objective for the company. Finally, StockNews.com lowered shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a research report on Monday, August 5th.

JAKKS Pacific Stock Performance

JAKK opened at $25.32 on Tuesday. JAKKS Pacific has a twelve month low of $15.30 and a twelve month high of $36.84. The business has a 50 day moving average price of $22.47 and a 200 day moving average price of $21.01. The firm has a market cap of $273.48 million, a P/E ratio of 9.31 and a beta of 2.34.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.22). JAKKS Pacific had a return on equity of 14.36% and a net margin of 4.29%. The firm had revenue of $148.62 million for the quarter, compared to the consensus estimate of $162.42 million. As a group, analysts anticipate that JAKKS Pacific will post 2.18 earnings per share for the current fiscal year.

Institutional Trading of JAKKS Pacific

Institutional investors and hedge funds have recently modified their holdings of the company. nVerses Capital LLC acquired a new stake in JAKKS Pacific during the second quarter worth $25,000. Meeder Asset Management Inc. boosted its position in shares of JAKKS Pacific by 1,617.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock valued at $63,000 after acquiring an additional 3,331 shares in the last quarter. Russell Investments Group Ltd. increased its stake in JAKKS Pacific by 37.1% in the fourth quarter. Russell Investments Group Ltd. now owns 5,522 shares of the company’s stock valued at $196,000 after acquiring an additional 1,494 shares during the period. Lazard Asset Management LLC raised its position in JAKKS Pacific by 13.0% in the first quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock worth $218,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in JAKKS Pacific by 15.4% during the second quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock worth $219,000 after purchasing an additional 1,636 shares during the period. 44.38% of the stock is currently owned by institutional investors.

About JAKKS Pacific

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.